Churchill Financial Group Provides Financing for Clearlake Capital's Investment in GoAmerica.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Churchill Financial Group ("Churchill"), a leading commercial finance and asset management company, has provided financing to support Clearlake Capital Group's ("Clearlake") investment in GoAmerica, Inc., ("GoAmerica"). Churchill was the administrative agent for the credit facility. Based in New York, Clearlake is a private investment firm that integrates private equity, leveraged finance and special-situations in investing in both private and public market opportunities. GoAmerica (Nasdaq: GOAM GOAM Government of Armenia ) is a leading provider of integrated communications solutions serving the deaf and hard-of-hearing. Based in New Jersey and founded in 1996, GoAmerica's services enable its customers to communicate more effectively through the company's online and wireless text relay services. "We are pleased to have supported Clearlake in the structuring, financing and execution of this complex transaction," said George Kurteson, Senior Managing Director and Head of Middle Market Finance for Churchill. "Their research into this intricate market enabled us to develop a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. investment strategy that could be delivered upon quickly." "Churchill took the time to understand our business needs and worked with us to develop a comprehensive financial solution that made sense," said Behdad Eghbali, a partner at Clearlake. "Their client-focus approach and senior-level attention enabled us to move seamlessly through the financing process." Kevin Murray For the California State Senator, see . For the member (Volunteer) in the Irish Republican Army, see and List of members of the Irish Republican Army. Kevin 'Bulldog' Murray , a Managing Director at Churchill Financial added, "Our middle market expertise and flexible approach enabled us to deliver a tailored debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay package. We're delighted to have worked with Clearlake on GoAmerica." About Churchill Financial Group Churchill Financial Group, headquartered in New York, is a leading commercial finance and asset management company. Churchill has three complementary businesses: Churchill Financial, which focuses on providing senior lending to middle market companies; Churchill Capital, which provides subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". financing to middle market companies; and Churchill Pacific, which manages portfolios of CDOs and other fixed income funds. Churchill Financial and Churchill Capital focus on lending to companies backed by leading private equity firms and other investors. Churchill has approximately $2 billion of committed capital to support its financing activities and over $3.5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Churchill has offices in New York, Minneapolis, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Chicago and Boston. For more information please visit our Web site at www.churchillnet.com. About Clearlake Capital Group Clearlake Capital Group is a private investment firm integrating private equity, leveraged finance, and special situations in both private and public market opportunities. Clearlake Capital seeks to partner with world-class management teams to invest in businesses going through change or expansion with patient long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. capital. The firm has a flexible mandate to invest across the capital structure in corporate divestitures, recapitalizations, restructurings, going private buyouts and minority equity investments. Clearlake Capital's founding principals, Steven Chang Chang (chăng) or Yangtze (yăng`sē`, yäng`dzŭ`), Mandarin Chang Jiang, longest river of China and of Asia, c.3,880 mi (6,245 km) long, rising in the Tibetan highlands, SW Qinghai prov. , Behdad Eghbali, and Jose E. Feliciano, have led over 30 investments totaling more than $3 billion of capital in sectors including business services, communications and media, energy and power, healthcare, manufacturing, retail/consumer and technology. For more information, please visit www.clearlakecapital.com. About GoAmerica, Inc. GoAmerica provides a wide range of wireless and relay communications services, customized for people who are deaf, hard-of-hearing, or speech-disabled. The Company's vision is to improve the quality of life of its customers by being their premier provider of innovative communication services. For more information on the Company or its services, visit http://www.goamerica.com or contact GoAmerica directly at TTY (TeleTYpewriter) See teletypewriter and TDD/TTY. (hardware) tty - /tit'ee/ (ITS pronunciation, but some Unix people say it this way as well; this pronunciation is not considered to have sexual undertones), /T T Y/ 1. teletypewriter. 2. 201-527-1520, voice 201-996-1717 or via Internet Relay by visiting http://www.i711.com. About BSMB BSMB Bear Stearns Merchant Banking BSMB invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Since its formation in 1997, BSMB has been an investor in 67 portfolio companies. BSMB manages over $5 billion of private equity capital. More information about BSMB is available at http://www.bsmb.com. |
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